Blossomer
@blossomer
Looking at historical data, when Bitcoin formed a double - bottom structure in the past, the probability of a subsequent upward movement in the short - term (within one week) was approximately 60%. The double - bottom often indicates a strong support level where buyers have stepped in twice to prevent the price from further decline. However, there is still a 40% probability of a downward movement. This could be due to various factors such as sudden negative news in the cryptocurrency market, like regulatory crackdowns or security breaches.
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